UPDATESept 12: English Technical White Paper & Open Source TODAY!
https://i.imgur.com/lD1IIrH.jpgIntroductionAs the first global Blockchain Search Engine in the world, Nebulas aims at discovering new value of the blockchain world. Nebulas features NR (Nebulas Rank), which helps users efficiently identify and utilize information of value among the ever-increasing amount of data on the blockchain; NF (Nebulas Force), which drives the smooth upgrade and self-evolution of the system.
Facing the opportunity and challenge as above, we aim to create a self-evolving blockchain system based on value incentive.
More specifically, our targets are:
Defining Rank ValueWe believe that world of blockchains needs a standard of value to measure the value of blockchains’ underlying data so as to explore information’s higher dimension, which serves to discover and uncover more value of blockchains.
Building Positive Feedback for Community EcosystemWe believe that to build a prosperous decentralized application ecosystem with a developer-friendly positive feedback mechanism is the most fundamental premise. Only this kind of application ecosystems can empower the blockchain system with stronger vitality.
Achieving Self-evolutionWe believe that a blockchain system endowed with self-evolution mechanism can evolve automatically. With a little external intervention, the system will provide faster computing, more powerful systems and better user experiences.
Nebulas Rank (NR)Nebulas Rank (NR) is the measure of value in the world of blockchains, which can be used to measure the importance of various blockchain users, smart contracts, DApps.
In Nebulas, we measure value regarding:
LiquidityFinance essentially is the social activities which optimize social resources via capital liquidity and promote economic development. Blockchains establish a value network in which the financial assets can flow. Daily volume of Bitcoin and Ethereum, which are most familiar to us, already exceeds $1 billion. From these data, we can see that the more transaction volume and transaction scale, the higher liquidity. In turn, higher liquidity will increase the quantity of transaction and enhance the value. That will further strengthen financial assets’ value, creating a complete positive feedback mechanism. Therefore liquidity, i.e. transaction frequency and scale, is the first dimension that NR measures.
PropagationSocial platforms like WeChat and Facebook have almost 3 billion active users per month. Social platforms’ rapid user growth is a result of the reflection of existing social network and stronger viral growth. In particular, viral transmission, i.e. speed, scope, depth of information transmission and linkage, is the key index to monitor social network’s quality and user growth. In blockchain world, we can see the same pattern. Powerful viral propagation indicates scope and depth of asset liquidity, which can promote the blockchain world’s asset quality and asset scale. Thus, viral transmission, i.e. scope and depth of asset liquidity, is the second dimension that NR measures.
InteroperabilityAt Internet’s early stage, there are only basic websites and private information. Now, information on different platforms can be forwarded on the network, and isolated data silos are gradually being broken. This trend is the process of identifying higher dimensional information. In our point of view, the world of blockchains shall follow a similar pattern, but its speed will be faster. The information on users’ assets, smart contracts, and DApps will become richer, and the interaction of higher dimensional information shall be more frequent, thus better interoperability shall become more and more important. Therefore, NR’s third measure dimension is interoperability.
Based on above-stated dimensions, we start to construct Nebulas’ NR system by drawing from richer data, building a better model, digging up more diversified value dimensions, and establishing a measure of value in blockchain world.
Proof-of-Devotion (PoD)Based on Nebulas’ NR system, we shall adopt PoD (Proof-of-Devotion) consensus algorithm. PoD gives an “influential” user of Nebulas Blockchain an opportunity to become a bookkeeper and receive Nebulas’ block rewards and transaction fee as revenues, which will encourage them to contribute to Nebulas’ stability and security continuously.
Developer Incentive Protocol (DIP)In Nebulas, we propose the concept of DIP (Developer Incentive Protocol) for developers of smart contracts and DApps. DIP’s core concept: in pre-specified blocks’ interval, for those developers whose smart contracts and DApps deploy online in the most recent interval with NR value higher than a specified threshold, DIP shall reward them corresponding developer incentives (NAS token), and these incentives shall be recorded on blocks by bookkeepers. With DIP’s positive incentive mechanism, more and more developers get incentives to create valuable smart contracts and DApps, which helps to build a positive feedback ecosystem for the developers’ community.
Nebulas Force (NF)A series of basic protocols such as NR, PoD, DIP shall become a part of blockchain data. With the growth of data on Nebulas, these basic protocols will upgrade, and this will avoid fracture between developers and community as well as the “fork”. We call this fundamental capability of blockchain “Nebulas Force” (NF).
As Nebulas community grows, NF and basic protocols’ update ability shall be open to the community. According to users’ NR weight and community voting mechanism, the community determines Nebulas’ evolution direction and its update objectives. With the help of NF’s core technology and its openness, Nebulas will have ever-growing evolving potential and infinite evolving possibilities endlessly.
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LEARN MORERead the full Non-technical White Paper (English)Read the Technical White Paper (English) Watch the Blockchain Search Engine DEMO (video)OFFICIALwebsite: nebulas.io |
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